Meyer Apparel Ltd Management Discussions

Your Directors have pleasure in submitting the Management Discussion and Analysis Report for the year ended March 31, 2026 as under

Your Company, Meyer Apparel Limited is dealing in the Retailing of Mens Garments and manufacturing through Contractor. Despite the ongoing challenges faced by the apparel industry, Company is making every possible effort to sustain and grow its business operations. The company is actively exploring new avenues and strategies to adapt to the evolving market conditions. As part of this effort, the company is gradually making its presence in the online retail space, recognizing the growing importance of digital platforms in reaching customers and driving sales.

Your company operates in single segment of readymade garments for retail market. The industry as a whole has been facing intense competition, with numerous domestic and international brands entering the market and offering a wide range of products at competitive prices. As a result, your Company has experienced lower sales volumes and reduced margins over the past few years. Furthermore, the highly saturated market environment and pressure on pricing have made it challenging to scale operations.

The Company has generated revenue from retailing of garments and is exploring other avenues to seek revenue.

The Company continues to operate in a highly competitive and dynamic industry environment, where market saturation and pricing pressures present ongoing challenges. With demand patterns remaining uncertain and subject to seasonal fluctuations, the Company is closely monitoring the viability of its current operational model.

Looking ahead, reviving consistent demand in the domestic market will be essential for the Companys sustained growth. In response to these challenges, the Company is actively exploring new business avenues, including expanding its retail presence, to diversify revenue sources and ensure long-term stability.

The Company has an adequate system of internal controls in place to ensure that all transactions are properly authorized, recorded, and reported. These internal control systems are designed to support operational efficiency, ensure compliance with applicable laws and regulations, and safeguard the Companys assets. During the financial year 2025-26, the Company undertook various cost-optimization measures aimed at improving operational efficiency and reducing costs, thereby enhancing its competitiveness in the market.

Additionally, self-assessment of internal processes and controls is carried out regularly and serves as the basis for the certification by the Whole-Time Director (WTD) and Chief Financial Officer (CFO), as required under Regulation 17(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The financial performance of the Company reflects an improvement during the year, with the loss reducing from ?106.88 lakhs in the previous financial year to ?78.80 lakhs in the current financial year, indicating a reduction of26.27% in losses. The Company is exploring new avenues to generate revenue and sincerely making all efforts for the same.